GBPUSD Daily 5th wave PRZ
Looks like a Head and Shoulders, but there is a major fib cluster at 1.5045ish that could represent the end of a 5 wave decline,...
The 5 wave decline has a clear rule of alternation as per my previous post on GBPUSD
Could form an important low for a 3 wave advance into a wave 2, I hope it continues lower but we will see
Am currently long GU on 1 hour Cypher Friday - Locked in profit so trying to run up a little higher if possible
Looking for reasons to get long at 1.5047 with a tighter stop loss!
The 5 wave decline has a clear rule of alternation as per my previous post on GBPUSD
Could form an important low for a 3 wave advance into a wave 2, I hope it continues lower but we will see
Am currently long GU on 1 hour Cypher Friday - Locked in profit so trying to run up a little higher if possible
Looking for reasons to get long at 1.5047 with a tighter stop loss!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.